Weaver Creek Townhomes

Key facts from Weaver Creek Townhomes's documents

Reflects the 2022 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned Community (Section 2.1)

Legal name

Weaver Creek Townhomes

Units / lots

108 (Section 2.2)

Governing law

Colorado Common Interest Ownership Act, C.R.S. §38-33.3-101 et seq. (Section 1.1(a))

Assessments & dues

Based on Association's advance budget of cash requirements; amount not fixed. (Section 6.2)

Special assessments

May be levied for previously unbudgeted expenses or expenses in excess of budget; submitted to Owners for ratification; may be vetoed by majority of total Association vote; payable in installments. (Section 6.4)

Collections & liens

Unpaid Assessments become a continuing lien on the Lot; Association may foreclose or bring action for judgment; lien is prior to all except first mortgages, tax liens, and prior recorded liens; no homestead exemption. (Section 6.1, 6.7, 6.8)

Reserves & fees

Reasonable late fee determined by Board; assessed if payment not fully paid within 15 days after due date. (Section 6.7(a))

Pets

Reasonable number of Pets per Lot allowed if not a nuisance. (Section 7.7)

Leasing & rentals

Yes, with Leasing Permit or Hardship Leasing Permit; leasing generally prohibited without permit. (Section 7.4(a))

Parking & vehicles

Oversized vehicles, trucks over one ton, commercial vehicles with writing, trailers, boats, RVs prohibited unless in garage or with written authorization; temporary loading/delivery allowed up to 72 hours. (Section 7.11(c))

Home business

Allowed if incidental and secondary, does not change residential character, complies with zoning, no external advertising, no employees other than Owner. (Section 7.3)

Insurance

Association carries insurance on Common Areas and Townhomes (real property), flood insurance, liability, fidelity, workers' compensation, D&O insurance. (Sections 9.1-9.7)

Use restrictions

Lots shall be used only as a residential dwelling except for permitted home occupations. (Section 7.3)

Voting & meetings

One vote per Lot; fractional and cumulative voting prohibited. (Section 3.1 and Section 3.2(b))

Amendments

Requires consent of Owners with at least 67% of votes; also consent of at least 51% of Eligible Mortgagees if any. This Declaration approved by 67% of votes and no Eligible Mortgagees registered. (Recitals C and D, Section 10.6)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.